'Fiscal Cliff' Crisis -- How Would You Vote?
Take our poll below and tell us whether you think a tax increase for the most wealthy or spending cuts to social service programs is the way to go.
A crisis is looming if the federal government cannot resolve the so-called "fiscal cliff" dilemma by Dec. 31. In a simplified nutshell, that means that a long-term, bipartisan budget reduction plan must be agreed upon by the president and Congress or two things will be triggered: all of the tax cuts put into effect during the George W. Bush administration will expire and $1.2 million in mandatory spending cuts will start kicking in. President Obama and the Democrats want taxes to increase for those who make the most money, which Republicans oppose. The Republicans want to see spending cuts, and favor reducing money earmarked for many social service programs, which Democrats oppose. So, which side of the coin do you fall on? Take our poll …
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